Word: carriere
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...terror, with its surrogate warlord armies and American soldiers dispatched to far-flung regions of the globe, has become reminiscent, at least in Asia, of last century's cold war against communism. U.S. troops are already in combat zones in two Asian countries; American aircraft carrier battle groups regularly crisscross the region; Washington is viewing its Asian allies and conceiving Far Eastern policy through the prism of a single, overriding issue?and stepping up the funding of regimes or institutions that had previously been anathema. On Aug. 2, Secretary of State Colin Powell, at the end of an eight-country...
...collision between a Russian passenger jet and a cargo plane that killed 71 people. Now air pockets of labor disputes, technical difficulties and a conflict among pilots have hit Swiss, the country's newly renamed national airline. Still smarting from the bankruptcy last fall of their old flag carrier, Swissair, the Swiss hope the recent glitches do not signal another disaster...
...grounds for optimism. Earlier this year, Ireland's Ryanair announced a 44% increase in earnings over the previous year, despite a fall in the average fare price. EasyJet has reported passenger growth of up to 43% in year-on-year comparisons. The carrier has just completed a 3590 million takeover of fellow bare-bones airline Go, once owned by British Airways. The deal marks the low-cost industry's first consolidation and makes easyJet its largest player, operating 81 routes and serving 32 destinations...
...Airport. The Berlin-based, former charter airline Germania is also focused on the budget traveler. From December, Brussels-based Virgin Express is planning flights from Cologne-Bonn Airport. Even German flagship Lufthansa appears to be getting the message; last month it gave its blessing to a proposal by German carrier Eurowings, in which it has a key shareholding, to enter the budget fray. Soon, Germans may discover what travelers from Britain now take for granted: for the consumer, no-frills fares are just fine...
...BOURSE Selling Up and Away The French government last week announced plans to reduce its 54.4% stake in flag carrier Air France. It would be the first step in a program of part and full privatizations to raise state funds...